Bank of England injects another £50bn into UK economy..total amount of QE stimulus to £325bn

http://www.bbc.co.uk/news/business-16963116

The Bank of England has agreed to extend its quantitative easing (QE) programme by £50bn to give a further boost to the UK economy.

When completed, it will bring the total amount of QE stimulus to £325bn.

The Bank started its QE programme, through which it buys mainly government-issued bonds, freeing up cash for lending, in 2009.

The Bank’s Monetary Policy Committee (MPC) also said it would keep interest rates at their record low of 0.5%.

UK interest rates have been held at that level since March 2009.

The BBC’s economics editor, Stephanie Flanders, said the £275bn of QE undertaken so far was an amount equivalent to nearly 20% of the country’s gross domestic product.

Inititally, experts were predicting an extra of £75bn of QE, but this figure was reduced to £50bn when economic surveys released last week indicated that the manufacturing and service sectors had performed better than expected in January.

However, concerns remain over weak consumer spending and the eurozone crisis.

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they just keep flooding the markets..the british cash rate is 0.5% and has been for 3 years..in Australia its 4.25% i think and is only now coming down..not much wriggle room under 0.5%..you have no choice in the chaotic world of finances..keep throwing the gas on the fire..your trapped in a system now

401

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~ by seeker401 on February 12, 2012.

5 Responses to “Bank of England injects another £50bn into UK economy..total amount of QE stimulus to £325bn”

  1. Just how much gas do you suppose is in the can to keep fueling the fire. And, debt, like a room with a ceiling is wet blanket overhead that can extinguish even a raging gas fed fire. Oxygen is the belief that we can burn ourselves out of debt, but then the blanket will starve the oxygen.

  2. Let the people be content for a while, having fun, taking trips, partying, marrying, etc. During this time, give them the means to do whatever they want through the magic of credit. Let them spend themselves out of control, and governments too. Buy now, pay later… after all, you DESERVE IT! Now, while everyone is asleep and happy, get insiders in policy-making positions. All of these changes around the world, you can see how they are preparing for the new world order. This is only the beginning, it’s not even close to bad enough yet. If this were a chess game, they’re looking 10 moves ahead and we can barely get people to realize they’ve already taken all the other pieces off the board – there are only pawns left!

    • Government….the foster parent of “I want it all, and I want it now.” And, to the screaming kicking child, the Goverment…”spare the rod and spoil the child.” When all the cookies are gone, we will just borrow more money from borrowed money and make some more to give you more of what you want not what you need. We cannot tolerate any temper tantrums from our spoiled children. Could it be that all the pawns have already been sacrificed in the slaughter leaving only the power pieces left on the board.

    • the pawns would be us i guess..

      • I’m horrible at analogies. The chess game I was referring to is the one for control of the world. I mean that while the general population is concerned only with their own lives, they leave policy matters to the policy-makers. After all, we have people whose job it is to do that, and it doesn’t really matter what we do anyway because everything will be ok. However, current policy-makers do not have the people’s best interests at heart and are pawns of the greater movement toward globalization. There are very few real leaders left to stand up for the people, they’ve all been taken out. Either way, I’ll work on my analogy skills…

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